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Nihon Shokuhin Kako Co., Ltd.
(2892)
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Rating:60Neutral
Price Target:
¥4,484.00
▲(28.30% Upside)
Action:Reiterated
Date:08/06/26
The score is anchored by mixed financial performance: a resilient balance sheet and improved latest cash flow are offset by a major FY2026 revenue contraction and thinner margins. Technicals are neutral-to-cautious with weak near-term price action and subdued momentum, while valuation is moderately supportive due to a reasonable P/E and a solid dividend yield.
Positive Factors
Manageable leverage and stable assets
Moderate leverage and stable assets provide financial flexibility for a manufacturer exposed to agricultural and energy costs. This reduces balance-sheet risk and supports continued operations or investment through weaker earnings periods.
Negative Factors
Severe FY2026 revenue contraction
A roughly 47% annual revenue decline signals a material reduction in demand, shipments, pricing, or business scale. Such a contraction can weaken supplier leverage, raise unit costs, and make it harder to restore prior earnings power over the next several quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Manageable leverage and stable assets
Moderate leverage and stable assets provide financial flexibility for a manufacturer exposed to agricultural and energy costs. This reduces balance-sheet risk and supports continued operations or investment through weaker earnings periods.
Read all positive factors
Nihon Shokuhin Kako Co., Ltd. (2892) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥22.48B
Dividend Yield3.18%
Average Volume (3M)6.83K
Price to Earnings (P/E)17.5
Beta (1Y)0.64
Revenue Growth0.14%
EPS Growth-19.52%
CountryJP
Employees452
SectorConsumer Defensive
Sector Strength42
IndustryPackaged Foods
Share Statistics
EPS (TTM)260.59
Shares Outstanding4,942,868
10 Day Avg. Volume9,210
30 Day Avg. Volume6,830
Financial Highlights & Ratios
PEG Ratio-0.67
Price to Book (P/B)0.61
Price to Sales (P/S)0.29
P/FCF Ratio4.26
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Nihon Shokuhin Kako Co., Ltd. Business Overview & Revenue Model
Company Description
Nihon Shokuhin Kako Co., Ltd. is a Japanese enterprise dedicated to the production and distribution of corn-derived goods and their various secondary processed forms. Its extensive product line features both corn and tapioca starches, serving both...
How the Company Makes Money
The company primarily makes money by manufacturing and selling food ingredients to corporate customers (B2B). Its main revenue stream comes from the sale of processed products derived from agricultural raw materials—principally starches and sweete...
Nihon Shokuhin Kako Co., Ltd. Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
74
Positive
Cash Flow
61
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 63.38B | 62.99B | 62.70B | 66.68B | 64.61B | 50.61B |
| Gross Profit | 10.63B | 10.26B | 10.03B | 10.54B | 11.35B | 8.64B |
| EBITDA | 4.43B | 4.77B | 4.80B | 5.69B | 6.02B | 4.08B |
| Net Income | 1.26B | 1.17B | 1.53B | 2.43B | 2.60B | 1.37B |
Balance Sheet | ||||||
| Total Assets | 51.29B | 50.66B | 50.80B | 46.73B | 46.65B | 39.96B |
| Cash, Cash Equivalents and Short-Term Investments | 261.00M | 338.00M | 241.00M | 214.00M | 411.00M | 198.00M |
| Total Debt | 11.32B | 8.18B | 10.89B | 7.97B | 11.09B | 7.60B |
| Total Liabilities | 21.09B | 20.47B | 22.37B | 22.40B | 23.95B | 18.90B |
| Stockholders Equity | 30.20B | 30.19B | 28.42B | 24.33B | 22.70B | 21.06B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 4.29B | -1.83B | 3.72B | -3.13B | -2.38B |
| Operating Cash Flow | 0.00 | 6.86B | 3.69B | 6.77B | -533.00M | 292.00M |
| Investing Cash Flow | 0.00 | -3.06B | -5.76B | -2.46B | -2.24B | -2.41B |
| Financing Cash Flow | 0.00 | -3.70B | 2.10B | -4.51B | 2.98B | 2.14B |
Nihon Shokuhin Kako Co., Ltd. Technical Analysis
Positive
3495.00
Price Trends
4351.70
Positive
4142.25
Positive
3949.89
Positive
Market Momentum
58.07
Negative
62.45
Neutral
72.62
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:2892, the sentiment is Positive. The current price of 3495 is below the 20-day moving average (MA) of 4457.00, below the 50-day MA of 4351.70, and below the 200-day MA of 3949.89, indicating a bullish trend. The MACD of 58.07 indicates Negative momentum. The RSI at 62.45 is Neutral, neither overbought nor oversold. The STOCH value of 72.62 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:2892.
Nihon Shokuhin Kako Co., Ltd. Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ¥17.80B | 11.21 | ― | 1.74% | 5.33% | 72.51% | |
72 Outperform | ¥39.59B | 14.44 | ― | 0.80% | 11.39% | 43.67% | |
69 Neutral | ¥14.68B | 10.56 | ― | 2.16% | -3.26% | 39.47% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
60 Neutral | ¥22.48B | 17.50 | ― | 2.98% | 0.14% | -19.52% | |
52 Neutral | ¥38.02B | 379.47 | ― | 1.65% | -0.17% | -70.23% | |
49 Neutral | ¥13.86B | 42.31 | ― | 1.61% | 2.79% | -56.09% |
* Consumer Defensive Sector Average
JP:2892
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.